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Old 01-30-2016, 12:26 PM   #1169
bizaro86
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Quote:
Originally Posted by SebC View Post
http://business.financialpost.com/fp...s-is-that-fair

According to this article, the oil sands have not turned a net profit after royalties. That can't be right... can it?
Seems probable. The oil sands projects I'm familiar with are some of the most successful ones, and the profit every year is about equal to sustaining and growth capex. It will be this year as well, just with growth capex = 0.

Since there have also been some boondoggles, (long lake, stp mackay, Total Joslyn) I'd be suspicious of anyone who said otherwise.

Last edited by bizaro86; 01-30-2016 at 10:23 PM.
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